I know that the Real Estate bubble is a little off the beaten path. But, it still offers some kind of encouragement. Notice the timeframes table below. In particular the 'Fear' timeframe. That's when I suspect that gold will be at its absolute best price. Sorry if the acutal chart doesnt make it to this post. I haven't done it before, so you may have to follow the article link and look for it there.
The above graph is an excellent depiction of the psychological stages of a market bubble. It is fairly easy to put timeframes to each of these stages as displayed by our local housing market:
Take off: 1998-1999 First Sell Off: 2000 Media Attention: 2001-2002 Enthusiasm: 2003 Greed: 2004-2005 Delusion: 2006 Denial: 2007 Fear: 2008 Capitulation: 2009-2010 Despair: 2011-2013 Return to the Mean: 2014 >